Nexans Delivers on Its Profitable Growth Strategy and Raises Full-Year Guidance

• Electrification organic growth +4.5%
• Group adjusted EBITDA of €387.7 million, up 4.3% year-on-year
• Electrification adjusted EBITDA margin at 13.2% of standard sales
• 2026 adjusted EBITDA and free cash flow guidance upgraded

Nexans, a global leader in the design and manufacturing of cable systems that power the world's energy transition, reported strong financial results for the first half of 2026. The Group achieved 4.5% organic growth in Electrification and raised its full-year profitability and free cash flow guidance.

With operations in Istanbul, Denizli and Tuzla in Türkiye, the Nexans Group operates in 39 countries and employs approximately 12,830 people. Listed on Euronext Paris, Nexans continued to grow in H1 2026, supported by demand in high-value-added markets such as data centres, energy infrastructure and grid modernisation.

Group adjusted EBITDA reached €387.7 million, up 4.3% year-on-year, with an adjusted EBITDA margin of 11.9% of standard sales. In the Electrification business, adjusted EBITDA increased by 5.2% year-on-year, with the adjusted EBITDA margin reaching 13.2% of standard sales.

Reflecting its first-half performance and improved visibility for the remainder of the year, Nexans upgraded its 2026 guidance. Adjusted EBITDA is now expected to reach €770–840 million, compared with the previous range of €730–810 million. The free cash flow target has also been raised from €210–310 million to €235–325 million.

 

Electrification Maintains Momentum as Data Centre Investments Support Growth

The energy transition, grid modernisation, investment in renewable energy and digitalisation are driving continued growth in global electrification demand. Nexans' results highlight the sustained strength of investment in energy infrastructure and next-generation power grids.

Data centres are among the markets contributing to the growing need for reliable, efficient and resilient energy infrastructure. With its advanced cable solutions portfolio and global manufacturing network, Nexans continues to address evolving requirements in this sector.

Nexans Türkiye contributes to the Group's growth through its manufacturing, R&D and export capabilities. With its production capacity, engineering expertise and export network, Nexans Türkiye supports the Group's electrification strategy.

 

Türkiye Offers Significant Potential in R&D and Manufacturing

At its facilities in Denizli and Tuzla, Nexans Türkiye develops and manufactures flexible cable solutions with high levels of fire safety, exporting to more than 50 countries, particularly across Europe. As AI and digital transformation continue to drive investment in data centres worldwide, Türkiye's manufacturing and export capabilities in this sector are gaining further importance.

Atilla Kurtiş, Nexans Middle East and Africa Regional Director, said that global electrification investments are creating significant opportunities for Türkiye:

“Modernisation of energy infrastructure, digitalisation and new investment opportunities driven by artificial intelligence are increasing global demand for cable and connection solutions. Electrification is gaining momentum across all the markets in which Nexans operates. The Group's results demonstrate that this transformation is not a temporary trend, but a long-term structural growth opportunity.

“Türkiye is an important part of this transformation, thanks to its strong industrial infrastructure, engineering capabilities and strategic location. The solutions we develop at our facilities in Denizli and Tuzla are used in many markets today, particularly across Europe. We continue to strengthen our position in international markets, especially with our high-fire-safety solutions for data centres, energy infrastructure and critical facilities. As Nexans Türkiye, we will continue to play an important role in this transformation through our R&D, manufacturing and export capabilities.”

 

Nexans Group H1 2026 Results

• Standard sales: €3,248.6 million, up 5.0% year-on-year
• Group organic growth: 1.5%
• Electrification organic growth: 4.5%
• Group adjusted EBITDA: €387.7 million, up 4.3% year-on-year
• Group adjusted EBITDA margin: 11.9%
• Electrification adjusted EBITDA margin: 13.2%
• Net income: €105.9 million
• 2026 adjusted EBITDA guidance: €770–840 million (previously €730–810 million)
• 2026 free cash flow guidance: €235–325 million (previously €210–310 million)